Comments
Former Chairman of Rane Group L L Narayan was hailed as a pioneer, visionary and one who contributed to building the domestic auto component industry.
“L L Narayan had all the qualities needed to be a successful entrepreneur during his era. He was a true entrepreneur with the backbone of strong values. He contributed to establishing not only the Rane Group but also India’s component industry by doing what he did and inspiring many,” Abhay Firodia, Chairman, Force Motors, recalled while addressing the Centenary celebrations of L L Narayan, popularly know as LLN.
Highlighting the challenges entrepreneurs faced during LLN’s era, Firodia said India immensely benefitted from efforts, sacrifices, and visionary qualities of people like LLN who, from the 50s and 60s until his retirement, kept on the direction of industrialisation and building an institution with values. N Sankar, Chairman, Sanmar Group, said LLN turned Rane, a trading house, into an industrial enterprise with several state-of-the-art manufacturing complexes.
“Rane grew from strength to strength building on the wonderful foundation established by LLN. Ethics, integrity, professionalism and growth blended with financial conservatism are hallmarks of Rane’s culture,” he added. “Industrialists used to praise LLN as one who did business with heart and head," said L Lakshman, Chairman Emeritus, Rane Holdings, holding company of the ₹4,400-crore Rane Group.
“The businesses he handed over to the next generation have been successful. Rane today is an acknowledged leader in the automotive component industry,” said Lakshman.
As part of the Centenary celebrations of LLN, the Rane Group is instituting Rane Pioneer of Change Award to encourage work done in the field of social development, said L Ganesh, Managing Director, Rane Holdings.
Rane Pioneer of Change Award will comprise a medallion with a cash reward of ₹10 lakh. The frequency of the award is biennial. L L Narayan, who joined in 1940, served as the Chairman of the Group till 1989, when his eldest son Lakshman took over. LLN passed away in January 2001.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.